RNS No 9592b
CITY OF OXFORD INVESTMENT TRUST PLC
30 March 1999


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
CITY OF OXFORD INVESTMENT TRUST PLC

2   Name of shareholder having a major interest:
Aberdeen Asset Managers Limited

3   Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18:
In respect of funds under management of Aberdeen Asset Managers Limited and
associated companies

4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
See under additional information below

5   Number of shares/amount of stock acquired:
NIL - see below

6   Percentage of issued class:
NIL - see below

7   Number of shares/amount of stock disposed:
NIL

8   Percentage of issued class:
NIL

9   Class of security:
Ordinary Income 5p shares

10  Date of transaction:
26 March 1999

11  Date company informed:
29 March 1999

12  Total holding following this notification:
8,907,750

13  Total percentage holding of issued class following this notification:
29.371%

14  Contact name for queries:
Christopher Wise

15 Contact telephone number:
0171 505 1843

16  Name of company official responsible for making notification:
Christopher Wise

17  Date of notification:
30 March 1999


Additional Information:
Notification is in respect of the recent acquisition by the parent company of
Aberdeen Asset Managers Limited ('AAM') of Graham Investment Managers Limited
and GIML High Income Limited.

AAM and its associated companies now manage 8,907,750 5p Ordinary Income
shares as follows:

No of shares      Holders                         Registration

307,750           Danae Investment Trust PLC      Talbot Nominees Ltd. ("TAL")
                                                  Account No. 754900

750,000           Jove Investment Trust PLC       TAL - account no. 754800

4,925,000         Aberdeen Preferred Income       TAL - account no. 754850
                  Trust PLC

2,925,000         Leveraged Income Fund Ltd       Leveraged Income Fund Ltd

---------
8,907,750
=========

END

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